Hanover Insurance Group Inc (NYSE:THG) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $129.00.

A number of brokerages recently commented on THG. Zacks Investment Research downgraded shares of Hanover Insurance Group from a “buy” rating to a “sell” rating in a report on Wednesday, September 9th. Piper Sandler raised their price objective on shares of Hanover Insurance Group from $110.00 to $114.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Credit Suisse Group started coverage on shares of Hanover Insurance Group in a research note on Thursday, September 3rd. They issued a “neutral” rating and a $117.00 price objective for the company. Finally, ValuEngine downgraded shares of Hanover Insurance Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 4th.

Hedge funds have recently modified their holdings of the stock. Signaturefd LLC increased its holdings in Hanover Insurance Group by 60.5% during the second quarter. Signaturefd LLC now owns 297 shares of the insurance provider’s stock valued at $30,000 after buying an additional 112 shares during the period. IFP Advisors Inc grew its holdings in Hanover Insurance Group by 851.7% in the second quarter. IFP Advisors Inc now owns 571 shares of the insurance provider’s stock worth $57,000 after purchasing an additional 511 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Hanover Insurance Group by 69.2% in the second quarter. Parkside Financial Bank & Trust now owns 587 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 240 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Hanover Insurance Group in the first quarter worth $75,000. Finally, Private Advisor Group LLC purchased a new position in Hanover Insurance Group in the second quarter worth $90,000. 85.29% of the stock is currently owned by institutional investors.

Shares of Hanover Insurance Group stock opened at $94.48 on Friday. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 12.29 and a beta of 0.85. The business has a 50-day moving average price of $102.19 and a 200-day moving average price of $99.96. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.21. Hanover Insurance Group has a twelve month low of $75.11 and a twelve month high of $144.71.

Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $1.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.50 by $0.13. Hanover Insurance Group had a return on equity of 10.93% and a net margin of 6.39%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the business posted $1.88 earnings per share. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. On average, equities analysts expect that Hanover Insurance Group will post 7.9 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Thursday, September 10th. Hanover Insurance Group’s payout ratio is 31.86%.

About Hanover Insurance Group

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates in three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, umbrella, healthcare, mono-line general liability, and miscellaneous commercial property insurance products; and other commercial coverages, including inland marine, specialty program business, management and professional liability, surety, and specialty property.

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